Property profile

1312 Norwood Dr Bedford, TX 76022

OFF-MARKET
Office buildings
Property ID
US82-0252026
3,645 SF 0.27 ac lot Built 2007
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,650-square-foot office building in Bedford, Texas, presents a unique leasing opportunity. Built in 2007, the Class B property is ideally situated for easy access to major highways 183 and 121, offering convenient commutes to DFW Airport, downtown Dallas, and downtown Fort Worth. The building is divided into two identical 1,825-square-foot units, each perfect for a variety of office or medical uses. Each unit boasts four spacious window offices (each accommodating up to three desks), a welcoming waiting area (with seating for eight), a receptionist area (with space for three desks), a copy/printer room with storage, a cafeteria with refrigerator and coffee machine, and private bathroom facilities. One unit is partially furnished, including desks and filing cabinets, allowing for immediate occupancy. The building features a prominent street sign for enhanced visibility. Leasing terms are highly competitive at $23 per square foot ($18 base rent + $5 NNN), translating to approximately $3,500 per month per unit, inclusive of NNN charges. This represents an outstanding value in the current market. The property is single-tenant and ready for immediate occupancy. Located in Tarrant County, Texas, with a 76022 zip code, this property offers a compelling combination of location, amenities, and affordability.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 3,645 SF
Lot 0.27 ac (11,674 SF)
APN 32053-A-4
UPID US82-0252026

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Employment Agency
  • Tax Preparation

Location

1312 Norwood Dr Bedford, TX 76022-5234
Bedford metro Census 113607 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2020
Price N/A
2009
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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